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Economy

August IIP data: Here’s what to expect

Updated : October 11, 2019 10:05 AM IST

Index of Industrial Production (IIP) is expected to grow at a dismal 1.36 percent in August as against 4.3 percent in July.

The core sector data declined for the month of August, down around 0.5 percent. The market manufacturing PMI also moderated to 51.4 percent in August versus 52.5 percent.

The other indicators within core sector saw moderation in growth. Electricity was down 2.9 percent, coal production was down 8.6 percent, crude production was down 5.4 percent, and natural gas production and cement production also declined. Auto production has been weak and it declined 18 percent in the month of August after an 11 percent decline in July.
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